The perception of competition in business is often negatively skewed, with images of Wolf of Wall Street types running greedy firms who are out to win at any cost. In this world, competition is seen as war and retaliation, ...

A few years ago, Dr. Mohammad Zia PhD'17 was checking flight prices on Expedia when he was puzzled by a section of the website that prompted him to run the same search on competing travel websites, including Priceline and ...

Not long after Marriott announced plans to buy Starwood Hotels and Resorts, a Chinese insurance group offered to sweeten the deal setting off a brief bidding war. Marriott eventually secured the merger, but only after agreeing ...

Hans-Holger Albrecht entered a crowded music-streaming market when he became CEO of Paris-based Deezer in February. A month after taking the helm, Jay Z relaunched Tidal in the U.S. and a month from now, Albrecht faces the ...

Competition

Competition is a contest between individuals, groups, animals, etc. for territory, a niche, or a location of resources. It arises whenever two and only two strive for a goal which cannot be shared. Competition occurs naturally between living organisms which co-exist in the same environment. For example, animals compete over water supplies, food, mates, and other biological resources. Humans compete for water, food, and mates, though when these needs are met deep rivalries often arise over the pursuit of wealth, prestige, and fame. Business is often associated with competition as most companies are in competition with at least one other firm over the same group of customers.